Bookbuilding IPO | ₹66 Cr | Listed at BSE, NSE | Tue, Sep 22, 2009 - Thu, Sep 24, 2009
Euro Multivision IPO is a book build issue of ₹66.00 crores. The issue is entirely a fresh issue of 0.88 crore shares of ₹66.00 crore.
Euro Multivision IPO bidding started from Sep 22, 2009 and ended on Sep 24, 2009. The shares got listed on BSE, NSE on Oct 15, 2009.
Euro Multivision IPO price band is set at ₹75 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,750 (90 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Euro Multivision IPO RHP for detailed Information.
IPO Open
Tue, Sep 22, 2009
IPO Close
Thu, Sep 24, 2009
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹178.50 Cr
| IPO Date | 22 to 24 Sep, 2009 |
| Listed on | Thu, Oct 15, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 88,00,049 shares (agg. up to ₹66 Cr) |
| Fresh Issue | 88,00,049 shares (agg. up to ₹66 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,38,00,000 shares |
| BSE Script Code / NSE Symbol | 533109 / EUROMULTI |
| ISIN | INE063J01011 |
Euro Multivision IPO comprises a total issue size of 88,00,000 shares. The net offer to the public is 86,00,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 43,00,000 (50.00%) are allocated to QIB, 12,90,000 (15.00%) allocated to NII 30,10,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 43,00,000 | 50.00% | 48.86% | NA |
| NII (HNI) Shares Offered | 12,90,000 | 15.00% | 14.66% | NA |
| Retail Shares Offered | 30,10,000 | 35.00% | 34.20% | 33,444 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 2.27% | NA | |
| Total Shares Offered | 88,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2004, Euro Multivision Limited (EML) is the second largest company engaged in the manufacturing of CD and DVD's. EML's manufacturing unit is situated at Taluka Bhachau, Kutch, Gujarat.
Company started with set up a plant for the manufacture of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). In 2005, Company added five manufacturing lines having an installed capacity of 720 Lac units of CDRs and 72 Lac units of DVDRs a year. In the year of 2006-07 company expanded the capacity by adding another 5 manufacturing lines with total installed capacity of CDRs to 1800 Lac units a year. These 10 manufacturing lines are interchangeable and convertible to manufacture DVDR and also compatible for manufacturing of pre recorded CD's and DVD's. EML is a part of EURO group which was promoted by Shri Nenshi Shah.
Company is planning to make an entry into the Photovoltaic business by manufacturing solar cells used for generation of electrical energy with a capacity of 40MW per year at a total cost of Rs.16756 lacs. Company is propose to set up this photovoltaic plant in a Special Economic Zone (SEZ). EML has already acquired 28.75 acres of land for setting up the SEZ adjacent to the existing manufacturing unit at Bhachau, Kutch, Gujarat.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of photovoltaic solar cell manufacturing unit at Taluka Bhachau, Kutch District, Gujarat | 178.03 |
| KPI | |
|---|---|
| RoNW | 5.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 81.11% | 51.12% |
| Market Cap | ₹178.50 Cr. |
The Euro Multivision IPO is subscribed 1.81 times on September 24, 2009 5:00:00 PM (Day 3). The public issue subscribed 1.89 times in the retail category, 1.23 times in the QIB category, and 3.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.23 | 43,00,000 | |
| NII | 3.78 | 12,90,000 | |
| Retail | 1.89 | 30,10,000 | |
| Employee | 0.31 | 2,00,000 | |
| Total | 1.81 | 88,00,000 |
CARE has assigned an IPO Grade 3 to Euro Multivision Limited IPO. This means as per CARE, company has average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download CARE rating document.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees including Underwriting commission, Brokerage and Selling Commission | 2.31 |
| 2 | Registrar’s fee | 0.08 |
| 3 | Advertising & Marketing Costs | 0.42 |
| 4 | Printing & Stationery | 0.60 |
| 5 | Others (Legal fees, fees for auditors and stamp duty, initial listing fees and annual listing fees, SEBI filing fees, other statutory fees, IPO Grading fee, depository fees, charges for using the book building software of the exchanges and other related expenses) | 1.42 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹70.00 | ₹75.00 |
| Low | ₹51.60 | ₹51.65 |
| High | ₹80.90 | ₹80.70 |
| Last Trade | ₹53.20 | ₹53.55 |
Lead Manager Reports
Euro Multivision IPO is a main-board IPO of 88,00,049 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on Tue, Sep 22, 2009, and closes on Thu, Sep 24, 2009.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Euro Multivision IPO using UPI as a payment gateway. Zerodha customers can apply in Euro Multivision IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euro Multivision IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euro Multivision IPO opens on Tue, Sep 22, 2009 and closes on Thu, Sep 24, 2009.
Euro Multivision IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Euro Multivision IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Euro Multivision IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Euro Multivision IPO allotment status.
The Euro Multivision IPO listing date is on Thu, Oct 15, 2009.
